Derived demand best describes the demand for which of the following options?

Question

Quizplus · Accepted Answer

Derived demand refers to the demand for goods or services that is driven by the demand for another good or service. In the case of hair stylists, the demand for their services is derived from the demand for haircuts or styling services by consumers. The other options do not have a clear derived demand relationship, as the demand for cupcakes, water bottles, cat food, and cars is driven by consumer preferences and needs rather than being dependent on the demand for another good or service.

Derived Demand Best Describes the Demand for Which of the Following